B & D Strategic Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2021. For the period, the group expects to record a consolidated net loss of not less than approximately HKD 40 million as compared to the consolidated net profit of approximately HKD 30.9 million for the year ended March 31, 2020. The change from profit to loss was primarily attributable to the following factors: certain projects with relatively larger contract sums were completed in previous financial year and certain new projects undertaken in the Year are with lower contract sums, in particular, substantial decrease in the number of tenders for alteration and addition works for shopping malls and keener competition of the market, which resulted in reduction of contribution in revenue; and progress of certain projects was affected and delayed by reason of adverse impact of the COVID-19 pandemic and unexpected complexity of construction works, in particular, substantial additional subcontracting costs were incurred due to the change of design and construction plan of a project of civil engineering works located at Tsim Sha Tsui in December 2020 in order to catch up with the delay arising from the continuous impact of the COVID-19 pandemic, which resulted in increase in construction costs and a gross loss for the year.